How to process refunds the right way?

admin — Fri, 01 Aug 2008 04:20:00 +0000

Regular life of conscious but impulse buyer is full of refunds. Also sometimes we are trying to save and buy cheaper, and have to return that wonderful stuff and get our money back next day (usually buy on Saturday and return on Sunday, and buy something else on Sunday, and return next Saturday). And another reason for a refund is mysterious ‘mail in rebate’ thing – you pay for the stuff first (sometimes there is also ‘instant rebate’ that you don’t pay, but observe), and then after two or three months you will get some of your money back ( sometimes you don’t get any money even after four months of waiting, and sometimes if you call magic number and speak to magic person, you get you mail in rebate after another one or two months).

Anyway, any Refund is a expense with a ‘minus’ in front of it. So should Simple Home Budget just tell you to enter an expense transaction with minus in front of its amount and call it done? Yes, you can go this way, but create a refund transaction will make everything much nicer:

You don’t have enter that minus
You will amount under ‘In’ column not in ‘Out’ column with minus in the front of it
You will see separate ‘In’ amount in the ‘Categories’ tab
Everything looks more logical and less confusing to observe

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How to process refunds the right way?